Asia Pacific Group Talks Tough, Asks Pak To Curb Terror Financing

An international delegation monitoring Pakistan’s commitments to the Paris-based global financial watchdog, Financial Action Task Force (FATF), has urged Islamabad to make terror financing and money laundering extraditable offences, a media report said on Thursday, 16 August.

The inter-governmental organisation, Asia Pacific Group (APG) on Money Laundering, which is currently in Pakistan, will submit a report to FATF which placed Pakistan on its ‘grey list’ in June 2018. The APG’s Mutual Evaluation report can play a critical role in retaining or removing Pakistan from the list after September next year.

Islamabad needs to comply with a 10-point action plan it committed to the FATF in June, by September-end next year. The plan’s agenda is to combat terror financing and money laundering to get out of the grey list or further fall to the black list. Read More

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